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HomeMy WebLinkAbout1097 M - . - - .y . . 2 SIRAPI.E INTEREST - PROMISSORY NOTE PROPERTY RELATED No. Jty.T _ ~ ,19 a0 FOR THE VALUE RECEIVED, the undersigned {and if more then one, each of them jointly and severally), promises to pay to the order of ~Ylt .il. f.~01• Celst?. - -t0lt 111•!0•, Florida, the principal sum (Amount Financed designated below, together with Finarwe Charges from the date hereof at the Annual ~ercentsge Rate designated below per annum on the full amount of said prinapal wm remaining from time to time unpaid, payable in installments as hereinafter provided, together with costs end expenses of collection and reasonable attorneys' fees, including costs, expenses end reasonable R attorneys' fees on appeal, if collected by legal proceedings or through sn attorney at law. All payments made hereunder will be credited first to interest end lawful charges then accrued, end the remainder, to principal. ' 1. Proceeds of Loan ; 3 . S S 3.0 S (1) 2. Insurance (include only if premium financed hereunder -specify types of coverage end state premium for each) ~ t (21 i r. 3. Official Fees: Recording ; _ 3t. 00 Intangible Tax ; 7.32 Documentary Stamp Tax ; S . SS o Other Charges: (describe) ~tosta•q•• • • litl• it.ag• 36 2S Total Official Fees ; 107.12 (3) X 4. Credit Life and/or Disability Inwrance Premium (itemized below) ;,_~/a {4) w 5. AMOUNT FINANCED (1 + 2 + $ + 4) ; 9s6t0.77 (5) 6. FINANCE CHARGE (interest only) ; 2oS.~3 {6) ! 7. TOTAL OF PAYMENTS (5 + g) ; 3.l~6.20 (7) 8. Your ANNUAL PERCENTAGE RATE is S_OO q6 (g) The above TOTAL OE PAYMENTSshall.be payable in~.,~monthly installments of; ~s- 77 each, on the lit each wocessive month oomroencing on - >•sa~ 1 _ , 19.x.. The undersigned promises to pay late charges not to exceed 596 of the amount of any payment or payments in default. ACCELERATION-In the event any installment of principal and interest is not paid when it becomes due, or the ha peening of any ~ event of default, or in the event of the death of any maker, endorser or guarantor hereof, the principal sum (AMOUNT FINANCED) ~ remaining unpaid hereunder, together with all accrued and past due interest, plus the credit investigation fee itemized above, less any ~ rebates required by law, shall immediately and without notice become due and payable at the election of the holder at any time ~ thereafter. The amounts referred to above have been computed upon the assumption that all installment payments will be made on the respective scheduled due dates. The FINANCE CHARGE is.imposed on the unpaid outstanding balance of the AMOUNT FINANCED. If any installment is not paid in full on such due date the undersigned will be obligated to pay such additional amounts as may become payable by reason of the continuing accrual of FINANCE CHARGES at the ANNUAL PERCENTAGE RATE designated above. Any resulting charges accruing on account of failure to make timely payment on the due dates will cause increases in some of the amounts designated above, and such aggregate increase shall be payable at the time of the last installment if wch charges do not cause the amount of the last installment to exceed twice the amount of the designated monthly installment, otherwise the resulting charges ~ shall cause the number of payments to be extended, provided, however, that no wch extended installment payment shall exceed twice the amount of the designated monthly installments. Any instalment payment made prior to any due date or dates, or any prepayment, will cause decreases in some of the amounts designated above for the reason that the unpaid outstanding balance of the AMOUNT FINANCED will be reduced and the ANNUAL PERCENTAGE RATE designated above is applied to such reduced out- • standing balance. o The undersigned has the right to prepay this indebtedness, in whole or in part, without penalty at any time upon the payment of accrued FINANCE CHARGES to the date of prepayment, provided, however, that any partial prepayment of principal shall be applied to the installment or installments of principal last maturing hereunder. Upon prepayment, the undersigned shall obtain a refund of the unused portion of the credit life and/or disability insurance premium included in the AMOUNT FINANCED computed under the "Sum of the Digits" ("Rule of 78") method. PROPERTY INSURANCE, if written in connection with this loan, may be obtained by the undersigned through any person of his choice. Such insurance is not available through the above named bank. CREDIT LIFE AND/OR DISABILITY fNSURANCE IS VOLUNTARY AND NOT REQUIRED FOR CREDIT. Such Insurance coverage is available at the cost designated below for the term of the credit. Florida law requires that before any credit life insurance may be sold, the creditor must advise the borrower that he has the option of assigning any other policy or policies the debtor owns or may procure for the purpose of covering said loan and borrower is so advised. ( 1 Credit Life Insurance (Iruured No. 11 ; ( )Credit Lice and Disability Insurance (Insured No. 11 ; ( ) .hint Credit Life Insurance ; { )Joint Credit Life and Disability Insurance rot Zi•orabi• {Oisability on Insured No. 1 only) ; 1/We desire the insurance coverage indicated above. nsured No. 1 _ (Date) (Insured No. 21 (Gate) SECURITY -this loan is secured by a Mortgage of even date covering the following described property: (Describe) Lot• 2Z Z3 aad 24 1lsZS>RJ[O!!•s AO>fDZVZBIQr -of -Lot .46 of G i rase u#ld~t~ ~ar~~ tA~A~de~~~; lht~l~4t iCi~191~~IR~d a~~RIR~4u ~pm~Rlsu~ela fi- nanced hereunder. Of • l~lio Z•aosds of 4t..Lsoi• _Coslatq, Lerida. The Mortgage will secure future advances not to exceed; r/a - Presentment, notice of dishonor and notice of non-payment are hereby waived by each maker, endorser arM other party to this note, and each of them do hereby waive the right to be wed after default in the county of-their residence. The undersigned acknowledges receipt of a completed copy of this note on the above date. 2511 AvMw i raaot ali•>a .1 ess - (Signature) (SEAL) Post si•so•, sioridd 33450 $ N _ aa11 (BEAU (Address) /s/ Abbey~t`uSr yn ~~-0oa~ R.r. tons 9- . Doc. stamps in the amount of SS. SS af~ixed~fo ` ~ , 1~~~ ~~1~ mop+v~-dry FILE COPY